Corsa Leathers

THE COMPANIES ACT, 2017 (XIX of 2017)

(Company Limited by Shares)

ARTICLES OF ASSOCIATION

OF

CORSA LEATHERS (SMC-PRIVATE) LIMITED



INTERPRETATION

1. In the interpretation of these articles the following expressions shall have the following

meanings unless repugnant to or inconsistent with the subject articles?

(a) “company” or “this company” means CORSA LEATHERS (SMC-Private) Limited;

(b) “directors” or “board of directors” means board of directors consist of only the

sole director or more than one directors if so appointed under the relevant

provisions of the Act;

(c) “member director” means a director who is a member of the company;

(d) “non-member director” means an individual who is not a member, but has been

nominated under the provisions of the Act;

(e) “private company” means a private company having two more members;

(f) “sole member” means the single member of the company; and

(g) “sole director” means the director of the company who is for the time being the

only director and includes a non-member director of the company.

2. Unless the context otherwise requires, words or expressions contained in these regulations

shall have the same meaning as in the Act; and words importing the singular shall include the

plural, and vice versa, and words importing the masculine gender shall include feminine, and

words importing persons shall include bodies corporate.

PRELIMINARY

3. Any provision of the Act or rules and regulations made thereunder which apply in relation to a

private company limited by shares incorporated under the Act shall, in the absence of any CERTIFIED TRUE COPY

express provision to the contrary, apply in relation to a single member company as it applies in

relation to such a company which is formed by two or more persons or which has two or more

persons as members and the provisions contained in part I of Table A of First Schedule in the

Act shall be deemed part of these articles of association in so far as these are not inconsistent

with or repugnant to the provisions contained herein below.



 SINGLE MEMBER COMPANY

4. The company is a single member company and as such being a private company limited by

Shares 10,000

(a) it shall not invite the public to subscribe for any shares of the company;

(b) the company shall not register any share(s) in the name of two or more persons to

hold one or more shares jointly; and

(c) number of the members of the company shall be limited to one.



SHARES

5. The company may alter its share capital in accordance with section 85.

6. Share certificate shall be issued under the seal of the Company and shall be signed by the

member director or the non-member director, as the case may be.

TRANSFER AND TRANSMISSION OF SHARES

7. The company shall not transfer all of the shares of a single member to two or more persons or

part of shares of single member to other person(s) or allot further shares to any person other than

the single member or, at any time, allow transfer of shares or allotment of shares or both

resulting in number of members to become two or more, except for change of status from single

member company to private company and to alter its articles accordingly.

8. The single member may transfer all of his shares to a single person whereby the company shall

remain a single member company as it was before such transfer.

9. The sole member shall nominate a person who, in the event of death of the sole member, shall

be responsible to.?

(a) transfer the shares to the legal heirs of the deceased subject to succession to be

determined under the Islamic law of inheritance and in case of a non-Muslim

members, as per their respective law; and

(b) manage the affairs of the company as a trustee, till such time the title of shares are

transferred:

Provided that where the transfer by virtue of the above provision is made to more than CERTIFIED TRUE COPY

one legal heir, the company shall cease to be a single member company and comply with the

provisions of section 47 of the Act.



CHANGE OF STATUS

10. The company may convert itself from single member private company to a private company

in accordance with the provisions of section 47.



 MEETINGS, VOTES AND ELECTION OF DIRECTORS

11. All the requirements of the Act regarding calling of, holding and approval in general

meeting, board meeting and election of directors in case of a single member company, shall be

deemed complied with; if the decision is recorded in the relevant minutes book and signed by the

sole member or sole director as the case may be.



DIRECTOR(S)

12. The company shall always have the sole member or in case it is not a natural person its

nominee, as a director but it may have such number of other director(s) who fulfil the conditions

as specified in section 153.

13. The board shall not have the power to remove the member director provided that where the

sole member is not a natural person, it may change its nominee.

14. The sole member shall have the power to remove any director, chief executive or secretary

through a resolution.

15. The director(s) shall appoint a chief executive in accordance with the provisions of sections

186 and 187.

16. The directors may hold their meetings through tele or video link provided that the minutes of

such meeting are approved and signed subsequently by all the directors.

17. The directors shall cause records to be kept and minutes to be made in book or books with

regard to?

(a) all resolutions and proceedings of the meeting(s) of directors and Committee(s) of

directors, and every director present at any meeting of directors or Committee of

directors shall put his signatures in a book to be kept for that purpose;

(b) recording the names of the persons present at each meeting of the directors and of

any committee of the directors, and the general meeting; and

(c) all orders made by the directors and Committee(s) of directors:

Provided that all records related to proceedings through video-link shall be maintained in

accordance with the relevant regulations specified by the Commission which shall be

appropriately rendered into writing as part of the minute books according to the said regulations. CERTIFIED TRUE COPY



SECRETARY

18. The company may appoint a secretary who shall be responsible for discharge of duties and

functions normally discharged by a secretary under the corporate laws and secretarial practice.

CONTRACTS WITH THE SINGLE MEMBER

19. Where a single member company enters into a contract with the single member of the



 company, the single member company shall, unless the contract is in writing, ensure that the

terms of the contract are forthwith set out in a written memorandum or are recorded in the

minutes of the first meeting of the directors of the company following the making of the contract.

DIVIDENDS AND RESERVES

20. The company may declare dividends and pay in accordance with the provisions of the Act.

ACCOUNTS

21. The director(s) shall cause to keep proper books of account in accordance with the provisions

of section 220.

22. Auditors shall be appointed and their duties regulated in accordance with the provisions of

sections 246 to 249.

THE SEAL



23. The director shall provide for safe custody of the seal and the seal shall not be affixed to

any instrument except by the authority of a resolution of the board of directors or by a committee

of directors authorized in that behalf by the member director or the non-member director and in

the presence of at least member director or the non-member director and of the secretary or such

other person as the directors may appoint for the purpose and the member director or the nonmember

director and the secretary or other person as aforesaid shall sign every instrument to

which the seal of the company is affixed in their presence.

WINDING UP

24. The company shall follow, in case of its winding up, the relevant provisions of the Act.

INDEMNITY

25. Every officer or agent for the time being of the company may be indemnified out of the

assets of the company against any liability incurred by him in defending any proceedings,

whether civil or criminal arising out of his dealings in relation to the affairs of the company,

except those brought by the company against him, in which judgment is given in his favour or in

which he is acquitted, or in connection with any application under section 487 in which relief is

granted to him by the Court.

I, whose name and address is subscribed below, am desirous of forming a company in pursuance

of these articles of association and agree to take the number of shares in the capital of the

company as set opposite my name:

Name and NIC No. (in Father's/ Nationality Usual residential address in Number of

surname case of Husband's (ies) with full or the shares taken

(present foreigner, Name in full CERTIFIED TRUE COPY any former registered/ principal by each

& former) Passport Nationality office address for a subscriber (in

in full (in No) subscriber other than natural figures and

Block Occupation person words) Signatures

Letters)

346040476 PAKISTA BUSIN POST OFFICE SMALL 10,000/- (Ten

TALHA MUHAMM

AMIN 2483 AD AMIN NI ESS INDUSTRIAL ESTATE, Thousand)

SHATAB GARH NEW

Dated the 17 Day Of April, 2024





MOA

Leather Goods and Products



THE COMPANIES ACT, 2017 (XIX of 2017)

(COMPANY LIMITED BY SHARES)

MEMORANDUM OF ASSOCIATION

1. The name of the company is CORSA LEATHERS (SMC-Private) Limited

2. The registered office of the Company will be situated in Punjab

3. (i) The principal line of business of the company shall be to carry on the business as

manufacturers, importers and exporters of leather products, caps, leather jackets of all

sorts including leather garments leather wears, leather products, leather dresses, leather

coats, leather furs, leather gloves, leather belts, leather shirts, bags, shoes and for that

purpose to establish, run and operate tailoring knitting and stitching plants for

manufacturing of all types of leather goods of all varieties pattern or designs; and to carry

on the business of manufacture, sale, purchase, export and deal in leather garments /

goods, such as judo karate suits and martial art accessories, sports wears and sports

clothing, leather jackets, leather harness, crust leather, finished leather, leather

motorbike products, leather gloves, leather motorcycle products, leather wallets, leather

shirt, leather pant, leather short, leather skirt, leather horse products, leather shoes and

boots, leather key chains, All types of leather accessories, leather trousers, leather

headwear, leather footwear, hand bags, brief cases, suitcases, rain-coats belts and all

kinds of leather products.

(ii) Except for the businesses mentioned in sub-clause (iii) hereunder, the company may

engage in all the lawful businesses and shall be authorized to take all necessary steps and

actions in connection therewith and ancillary thereto.

(iii) Notwithstanding CERTIFIED TRUE COPY anything contained in the foregoing sub-clauses of this clause nothing

contained herein shall be construed as empowering the Company to undertake or indulge,

directly or indirectly in the business of a Banking Company, Non-banking Finance Company

(Asset Management Services, Leasing, Investment Finance Services, Investment Advisory

Services, REIT management Services, Housing Finance Services, Private Equity and Venture

Capital Fund Management Services, Discounting Services, Pension Fund Scheme Business,

Micro Financing), Corporate Restructuring Company, Insurance Business, Modaraba



 management company, Stock Brokerage business, forex, Clearing House, Securities and

Futures Advisor, Commodity Exchange, managing agency, business of providing the

services of security guards or any other business subject to license and restricted under

any law for the time being in force or as may be specified by the Commission.



(iv) It is hereby undertaken that the company shall not:

(a) engage in any of the business mentioned in sub-clause (iii) above or any unlawful

operation;

(b) launch multi-level marketing (MLM), Pyramid and Ponzi Schemes, or other related

activities/businesses or any lottery business;

(c) engage CERTIFIED TRUE COPY in any of the permissible business unless the requisite approval,

permission, consent or license is obtained from competent authority as may be

required under any law for the time being in force.

4. The Liability of the Members is Limited.

5. The Authorized Capital of the Company is Rs. 100,000/ - (Rupees One Hundred Thousand only)

divided into 10,000 (Ten Thousand) Ordinary shares of Rs. 10/- (Ten Rupees) each.

















Page 2 of 3



 I, whose name and address is subscribed below, am desirous of being formed into a company, in pursuance

of this memorandum of association, and to take the number of shares in the capital of the company as set

opposite our respective name(s):

Name and NIC No. (in case Father's/ Nationality Usual Number of

surname of foreigner, Husband's (ies) with residential shares taken

(present & Passport No) Name in full any former address in by each

former) in Nationality full or the subscriber (in

full (in registered / figures and

Block CERTIFIED TRUE COPY Occupation principal words)

Letters) office

address for a Signatures

subscriber

other than

natural

person

3460404762483 PAKISTANI BUSINESS POST OFFICE 10,000/- (TEN

TALHA MUHAMMAD

SMALL THOUSAND)

AMIN AMIN

IDUSTRIAL

ESTATE,

SHATAB

GARH NEW





10,000/- (TEN Total number of shares taken (in figures and words)

THOUSAND)

Dated the day of, 17 April 2024











Page 3 of 3





181 (FORM OF REGISTRATION FILED FOR MODIFICATION) (INCOME TAX)

Name: CORSA LEATHERS (SMC-PRIVATE) LIMITED Registration B445726

Address: Gulshan-e-Touheed Town Road, Post Office Small Tax Year : 2025

Period : 01-Jul-2024 - 30-Jun-2025

Industrial Estate , Shatab Garh , Sialkot Sialkot

Medium : Online

Due Date : 07-Sep-2024





Personal Info:

Person : Company CNIC / CNICOP : B445726

Type : Company formed and registered under the Companies Ordinance, 1984 or any other law

repealed thereunder

Name :

CORSA LEATHERS (SMC-PRIVATE) LIMITED

Cell No. : corsaleathers@gmail.com

00923321430825 Email :

Nationality : 01st July - 30th June

Pakistan Accounting Period :

Incorporation Date :

27-Oct-2023 Liquidation Date :

Registered Address :

Registered for Sales Tax:

No



DNFBP Registration

Status:

Addresses:

Gulshan-e-Touheed Town Road, Post Office Small Industrial Estate, Shatab Garh, Sialkot Sialkot

Type : Commercial Property Capacity : Benami / Lessee / Tenant / Franchisee Acquisition Date :

/ Occupant

Form : Office Disposal Date :

% Share : 100

Owner Name : Owner CNIC :

Gulshan-e-Touheed Town Road, Post Office Small Industrial Estate , Shatab Garh , Sialkot Sialkot

Type : Residential Property Capacity : Benami / Lessee / Tenant / Franchisee Acquisition Date :

/ Occupant

Form : House Disposal Date :

% Share : 100

Owner Name : Owner CNIC :

Businesses:

Links:

Registration No. Name Capacity % Share Link Start Date Link End Date

Representative u/s 172

3460404762483 TALHA AMIN 19-Mar-2024

of the IT Ord. 2001



Page 1 2 Printed on Sat, 7 Sep 2024 15:37:12



 181 (FORM OF REGISTRATION FILED FOR MODIFICATION) (INCOME TAX)

Name: CORSA LEATHERS (SMC-PRIVATE) LIMITED Registration B445726

Address: Gulshan-e-Touheed Town Road, Post Office Small Tax Year : 2025

Period : 01-Jul-2024 - 30-Jun-2025

Industrial Estate , Shatab Garh , Sialkot Sialkot

Medium : Online

Due Date : 07-Sep-2024



Links:

Registration No. Name Capacity % Share Link Start Date Link End Date

3460404762483 TALHA AMIN Director 100.00 12-Dec-2023

3460404762483 TALHA AMIN Principal Officer 27-Oct-2023



Attachments

Evidence with 181 (Form of Registration filed for modification) Change Of Name Of Certificate.pdf

(Income Tax)

Evidence with 181 (Form of Registration filed for modification) AOA 20240812_2759035 - 2873.pdf

(Income Tax)

Evidence with 181 (Form of Registration filed for modification) INCORP CERTIFICATE0001.pdf

(Income Tax)

Paid utility bill of business premises not older than 3 months ELEC BILL0001.pdf

Evidence of tenancy / ownership of business premises PROPERTY0001.pdf

Evidence with 181 (Form of Registration filed for modification) ARTICLE0001.pdf

(Income Tax)

Evidence with 181 (Form of Registration filed for modification) CNIC0001.pdf

(Income Tax)





















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